World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: USDA Confirms Record Corn, Soy Yields but Ending Stocks Fall

For a WASDE report that confirmed record-large corn and soybean yields, futures’ reaction to the data was relatively muted. Those hoping for a festival of bearish numbers were disappointing as USDA moderated the impacts of larger yields with reductions in 2023/24 carryout and modest – if any – demand side adjustments for the new crop years. Similarly, those hoping for a surprise bullish report found the data lacking with ending stocks remaining near recent or historically high levels, especially for soybeans. Consequently, it was unsurprising that the markets traded both sides of unchanged following the report before corn and soybeans settled higher in continuation of their recent swings. Wheat futures settled a few pennie...

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livestock

Cow-Calf Margins Steady in November, Herd Expansion Still Likely

Despite recent decreases in feeder cattle futures and rising feedstuff costs, estimated cow-calf producer margins are largely unchanged from WPI’s October estimate. The stable and positive financial environment means that producers are still facing strong financial incentives to expand the U.S...

livestock

McSustainability Through Feed Efficiency

McDonalds has entered the sustainability space by partnering with Syngenta and paying cattle producers to use Syngenta’s Enogen Trait corn to improve feed efficiency. Enogen corn contains an enzyme, alpha amylase. This enzyme has been added during the ethanol production process to induce starch...

livestock

Livestock Roundup: Turkey Production Adjusted Down

Turkey production in August totaled 434.7 million pounds, slightly above July production but down 11 percent year-over-year. August slaughter was down 15 percent year-over-year, but heavier weights in August (32.25 pounds) offset the reduced slaughter. Based on the August production data, estim...

livestock

Cow-Calf Margins Steady in November, Herd Expansion Still Likely

Despite recent decreases in feeder cattle futures and rising feedstuff costs, estimated cow-calf producer margins are largely unchanged from WPI’s October estimate. The stable and positive financial environment means that producers are still facing strong financial incentives to expand the U.S...

livestock

McSustainability Through Feed Efficiency

McDonalds has entered the sustainability space by partnering with Syngenta and paying cattle producers to use Syngenta’s Enogen Trait corn to improve feed efficiency. Enogen corn contains an enzyme, alpha amylase. This enzyme has been added during the ethanol production process to induce starch...

livestock

Livestock Roundup: Turkey Production Adjusted Down

Turkey production in August totaled 434.7 million pounds, slightly above July production but down 11 percent year-over-year. August slaughter was down 15 percent year-over-year, but heavier weights in August (32.25 pounds) offset the reduced slaughter. Based on the August production data, estim...

FOB Prices and Freight Rates App (Updated 15 November)

Ocean Freight Comments - 15 November 2024By Matt HerringtonDry bulk freight markets were mixed this week with Capes rising while Supramax vessel rates declined yet again. The Capesize sector found support from China’s recent efforts to stockpile coal and iron ore, but this support has not yet t...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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